for more information about stanelco click on the links.

driver's research page link
http://www.moneyam.com/InvestorsRoom/posts.php?tid=7681#lastread
website link
http://www.stanelco.co.uk/index.htm

So MW is stepping down for Personal reasons. Yer Right. Funny how it is nearly always personal reasons.

This change follows consultation with a significant group of the Company's shareholders.

Can only be a good move, as a bit more dead wood has gone.

Concerned over the whys and wherefores, but the replacement has exactly the cv SEO need.

REG-Stanelco PLC Directorate Change
Released: 13/04/2007



RNS Number:7902U
Stanelco PLC
13 April 2007

Under embargo for 07.00am



13th April 2007



Stanelco PLC ("Stanelco" or "the Company")



Change of Chief Executive



The Board of Stanelco today announces that Martin Wagner is stepping down from
his position as Chief Executive with immediate effect for personal reasons.
Paul Mines has been appointed as the new Chief Executive, and joins the Company
on 16 April 2007. This change follows consultation with a significant group of
the Company's shareholders.



Paul has extensive experience within the packaging sector. Until 2006, he was
CEO of Betts Group Holdings Ltd. ("Betts") for eight years, having led a
management buyout of the company from Courtaulds plc. Paul developed Betts as a
specialist packaging business with a global footprint and sales of over 100m.
An Engineer with an MBA from London Business School, Paul spent his earlier
career at Courtaulds and ICI plc in a variety of commercial and operational
roles. He has recently been a consultant partner with Wyvern Partners LLP,
assisting their clients with fund-raising and strategic development with a focus
on the packaging and renewable energy sectors.



Martin Wagner has been Chief Executive of the Company since November 2005.
Martin made a significant contribution to the fund-raising exercise in November
2006. He conducted the recent strategic review in order to reduce the cost base
and improve efficiency for the Company, and has been addressing the need to find
experienced partners to develop the Company's considerable IP portfolio. He will
make himself available for an orderly handover of responsibilities. The Board
wishes to thank him for his contribution during this difficult period in the
Company's development and wishes him well in his future career.



Commenting on the Board changes, Philip Lovegrove, Non-Executive Chairman said:



"We would like to thank Martin for his hard work and contribution during his
time with the business and wish him well in the future."



John Standen, Non-Executive Director (to be appointed Non-Executive Chairman at
the Company's forthcoming AGM) said:



"Paul has considerable relevant experience and the right skills which will help
enable the Company to maximise opportunities and allow it to move forward and
deliver for the benefit of all shareholders. His immediate focus will be to meet
Stanelco's employees, visit the operations and to become fully acquainted with
the opportunities that lie ahead for the Company."



Paul Mine's directorships:



Paul Mines is currently a director of Sulgrave Road Management Co. Limited and
Windmine Limited. He was previously a director of Betts Group Holdings Limited.
There are no further details required to be disclosed under paragraph 9.6.13R
of the Listing Rules or Disclosure Rule 3.1.2R.



- Ends -

Lets hope this is at long last the beginning of a beautifully green and pleasant future.

There is a picture of the new man at www.reuk.co.uk/Windmine-Interview.htm together with a few more details.

Oblomov

Its looks as though the market has removed the nails from the coffin and has revived the corpse.

The oily one

Along as the new CEO doesn't resign in a week's time there may be a chance for SEO yet!

Is this new guy called Lazarus by any chance????
I hope so................

What a pity this never happened last Monday, Alan as the timing of your remark above would have been impeccable!

The oily one

Not sure about the haircut but look forward to meeting him and the new chairman at the AGM.

Market seems to like the idea - up 8.6% so far!

Up 8.6%? Let me know when it's gone up 1400% -thats when I go back into profit!

It wasn't long ago when the positive posters here(there still are some) were putting their hope in MW, saying how he'd made a clean sweep, got SEO back on track, etc. Then in March we heard no MPP's, no Greenseal, no progress.

So what happened to MW the saviour?

Eric - where are you I'd be interested in youe opinion now MW's gone - you in particular put much hope in him - what now, start all over again with a new CEO so none of the past mistakes matter?

I think we owe much to MW.

He implemented the 'Strategic Review' and got rid of all the old Board and senior personnel including the virtual owner.

He oversaw the refinancing and persuaded Institutions to stump up 11m initially and buy more shares to the point they now own about 30%.
Ironicly for him, MW's present demise probably comes from those same Institutions - I believe Shroders had a meeting with SEO two weeks ago and MW has been 'off, on leave' last week. Also, on looking into the new man's background he certainly had contact with "London Capital Markets" ie.Institutions while at Betts.

Martin - thanks and good luck.

Paul - welcome and good luck. And get on with it - but keep us informed please.

Back to SEO: (Re.11 April mikeylad...) - sorry I don't know about their products currently....like many of their potential customers I'm guessing. Just look at that sp - dead in the water for six months.
Grief!.. and now we learn Directors are snapping up just 10k's worth of shares - that shows confidence that this shambles will continue...at least until they are booted out..
Bring it on....

It has been mentioned on another site, that the removal of MW may herald a new horizon.
Is this another of SEO's horizons? There have been many (too many).
It was the major share holders that forced the issue, re MW. The only fault with MW going is that it should have come sooner.
He looked a bit like a certain football manager, bought in with promises of all good things, then!!! (Now who could I be thinking of)
As to the push/jump of MW being priced in, my own view is that this share will not noticeably move till we get those 'on the horizon contracts'.

A bit of useless info....The horizon on level plane (at sea) is 22 miles away.
The trouble is if SEO were a ship, they were under the old management the punt, full of water, sinking at both ends. With a new captain and crew at the helm will they make that horizon before they sink completely.
Its no good having a nice sleek boat/ship (the products) if you cant steer it (the management)? Look at the Titanic.

The new team at SEO better start proving themselves soon, or it won't just be MW thats asked to leave.

Did M W also tell the institutions that Wallmart were just around the corner? i'm beginning to think this is a no hoper if it was any good it would be selling itself, moan over and still holding

Hangon
John Standen and his wife now hold 34k shares between them, not a lot of money to some people, but I know how much earache I get from my wife when I buy a new Amy Winehouse (or Whinearse as my good lady so ungraciously calls her) CD....... "total waste of money" etc etc, so either JS is a really hard man or he knows his wife will have nothing to complain about in the near future!!

Guys I am REALLY panicking now.

We've sacked the one and only bright hope. The man that got rid of all the dead wood and was turning the ship around. The ex ASDA till operator plucked from obscurity cos "he'll sell Greenseal to ASDA"

Good ridence.

NEXT!!!!!!!!!

Q.

And the first REAL director deal that I can remember. Wow, all in one day. And Wagner did turn it around, a 10% increase the day he is shown the door!

Q (hi)
Agreed, about MW's achievements.

The question to ask ourselves is - was SEO potentially a brighter prospect yesterday than it was under Ian B and Howard W?
If the answer is yes we must thank MW.

Irrespective of his own failure to deliver contracts, he did sort out that lot out and cut costs for the future. And secured sufficient cash to see it through quite a long period.

To my mind, positive RNSs today.
The dreamers are gone, so now we can put an end to the nightmare........or am I dreaming?